Asset Life Cycle

IT Asset Life Cycle Management

IT asset life-cycle management(ITALM) is a core process of IT asset management(ITAM). As an asset manager, it is important for you to know the stage of life cycle of your assets. ITALM helps increase organizational productivity by helping you make informed decisions on IT needs and services. You can make better purchasing decisions by looking at various resources and their life-cycle stages. If a particular asset is about to retire/expire, and if you already have that asset in your inventory, you have more lead time to order and replenish. If not, you know that the lead time is much less and you will have to raise a PO as soon as possible. Similarly, providing a seamless IT experience is a key metric for a good quality IT service. It is of utmost importance that you as an IT asset manager, know of an asset expiration before the end user does. AssetExplorer helps you with various reports and easy-to-understand dashboards for a clear view of all your IT assets and their respective life-cycle stages.

Benefits of a good IT asset life cycle management solution:

Forecast your needs better

Make informed purchasing decisions

Be proactive when it comes to replenishing resources

Improve the quality of IT services

Know the total cost of ownership of an asset

AssetExplorer helps you with:

Procurement

Create purchase orders

Pre-defined PO workflow

Link to cost centres for budgets

PO approvals

Post-purchase, adding to the assets inventory

Deploy and Discover

Deploy the assets and change state from inventory to in-use

Discover the assets in the network for software and hardware inventory

Allocate software to a hardware asset

Add relationship maps

Maintain

Schedule scans and get audit history

Complete ownership tracking

Software compliance and license management

Asset depreciation calculations

Total cost of ownership of an asset

Support

Maintain contracts for assets

Notify technicians of expiry dates

Identify impact through dependency mapping in CMDB

Software license agreements are linked to the software

Retirement and Disposal

Change the state of an asset to expired/disposed

All the software allocated to the disposed asset will get un-allocated